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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (36756)	7/23/2005 7:34:30 PM
From: shades	Respond to of 110194

If I understand it correctly the fallacy of the broken window is that the economic progress of the area has peaked, time spent fixing broken windows and hurricane damage does not allow for growth in getting yard men learning how to use computers and find new discoveries in biomedicine. They can't make the next big leap in civilization or human development. I met so many guys from cuba who have no english ability or schooling, their children do speak english and are using computers - I ask them what fields are your kids going into - where are you trying to steer them - medicine - bio tech - to go work for Nasa?? They tell me stuff like accounting or being an elemntary teacher is what they hope for thier kids. I thought palm beach should have been way beyond this stage according to what my mom tells me of the area 30 years ago - but so many uneducated have came to the area. Thank god for the tractor and oil to run it, I would hate to have worked on a farm when all I had was a donkey and a ho. If a majority of south floridas workforce is going to be tied up doing constructon repairing broken windows, sewer pipes and replacing roofs - there is only so much growth that can happen there - maybe scripps will help - but you don't get to be zues unless you live way up in the mountains away from all the floods and locusts eh? You just stay a little ant battling the ravages of nature never to move beyond. If you can't minimize your time fixing broken windows - how do you ever maximize your time in other pursuits? I really don't understand why there is not more underground construction in hurricane alley - I guess the water levels are too high - my mom used to live in homestead - the hurricanes came - blew it away - no more homestead - creative destruction really is a fallacy from the aggregate societal level. The guy who did our yards today, he drives a new chevy truck he has a loan for, he just bought a 260K house right off military trail with a loan, as long as the yards keep growing I guess he will do OK - but he is in his 50's and I don't know how long he can work that hard and he does not seem to be building a crew of people that he can supervise when he gets unable to do the work himself. He says he wants to learn english so he can grow his business - but he never has time because he is always cutting yards - hehe. I told him forget about english, learn some chinese or japanese and teach that to your kids - but he said you make no sense senore - there are no chinese here - hehe. I meet younger people that have a hard time conceptualizing that these 250-350K homes used to go for 25-50K. I guess creative destruction of the mass psychology through killing off the old people keeps these fallacies plugging along - hehe. We need to keep building on top of the pyramid, constantly rebuilding the base just doesn't get us that high in the sky - hehe. palmbeachpost.com